Reliance Jio raises Rs 3,500 crore via debentures

Reliance​ Jio, which has invested ​around Rs ​100, 000 crore​ so far​, ​has ​pan-India licence with airwaves in ​the ​2300 MHz​. It also has ​1800 Mhz spectrum in 14 of India's 22 circles, of which six were bought in March and haven't been allotted so far​, besides​ around 30,000 towers of its own. It is set to offer data and voice services at half or less than half the current ​market ​rates. ​​​​It ​has tied up with ​the likes of Reliance Communications, Bharti Infratel, ​Indus Towers, among others​ for using their telecom towers.NEW DELHI: Reliance Jio Infocomm has raised Rs 3,500 crore by issuing non-convertible debentures through private placement.

The company said redemption date for 5-years debentures is January 21, 2020 and for 10-years debentures is January 21, 2025.

In filings to the exchanges Tuesday, the company said it had submitted a disclosure document on July 30 this year for 35,000 secured redeemable non-convertible debentures of the face value of Rs 10,00,000 each aggregating Rs 3,500 crore issued by way of private placement.

The filing added that redemption date for 5-years debentures of Rs 1,000 crore should be read as January 21, 2020 instead of January 21, 2015 whereas for 10-years, the date should be read as January 21, 2025 instead of January 21, 2015.

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“There will be a new brand identity — work has started on it,” a senior consultant working on the merged company’s new identity said, speaking on the condition of anonymity due to non-disclosure agreements.